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With the EUR/USD breaking lower bound of current range at $1.1570, slide further towards $1.1420 is seen likely. The major cut back for the Euro came from the ECB meeting late in October when the Governing Council decided to prolong the asset purchasing program at least for another nine months and...

The Dollar-Yen pair clocked a 7-month high of 114.74 on Monday before ending the day on a weak note at 113.70 levels. Over the last two weeks, the pair has had a tough time holding on to gains above 114.00 hands. Still, the bears have not been able to make good of the opportunity... the downside...

The British Pound outperformed its major counterparts on Monday amid some renewed optimism over Brexit developments. Speaking at the CBI conference in London, the UK PM Theresa May backed a deal in a transitional period and said that she wants to reach a detailed agreement on this period as early...

Gold is chipping away the key descending trend line hurdle this Friday and looks set to break higher, especially if the US wage growth numbers print below estimates. At the time of writing, the safe haven yellow metal is trading at its 100-day MA level of $1276. On a weekly basis, the metal trades...

USD/JPY continues to struggle to build momentum above 114.00 handle. The odds are getting stacked against a bullish break above 114.45. Daily chart The chart above shows- Hanging man candlestick pattern (Thursday's candle) Bullish 50-MA & 200-MA crossover (contrarian indicator...

In a knee-jerk reaction to the leaked details of the long-awaited Trump’s tax plan, the US Dollar weakened sharply and lifted the EUR/USD pair to one-week high on Thursday. The pair, however, failed just ahead of the 1.1700 handle, marking the 100-day SMA hurdle, and had a rather muted...

The sell-off in the EUR/GBP from the Oct. 20 high of 0.9022 ran out of steam at a low of 0.8733 on Wednesday. At the time of writing, the currency pair is trading at 0.8778 levels. The Bank of England (BOE) is expected to hike rates today for the first time in more than a decade. The move appears...

The Dollar-Yen pair is once again struggling to hold above 114.00 levels. The Fed statement released yesterday showed the policymakers aren't second guessing a rate hike in December. However, the markets have priced-in a 25bps move, thus, the pair failed to take out the descending trend line...

The EUR/USD pair staged a goodish rebound during the Asian session on Thursday and was being supported by a wobbly US Dollar, led by speculations that US President Donald Trump is likely to nominate current Fed Governor Jerome Powell to succeed Janet Yellen. Investors looked past the Fed's...

When ECB decided to prolong its asset purchasing program by additional 9 months while cutting the volume of monthly purchases in half to €30 billion last week, the EUR/USD slumped 250 pips in just two days. Of course, the slump on Euro was not only the factor of the ECB decision but also a...

Head and Shoulders neckline resistance likely to fall as OI in call options rises for second day. After looking at a price chart, one could argue that the recovery in the EUR/USD from the Friday's low of 1.1574 has run out of steam near 1.1660. However, the EUR/USD November expiry options...

Bearish continuation pattern confirmed on the monthly chart. Kiwi could crowd out weak (bears) hands before revisiting 0.65-0.64 levels. The NZD/USD pair fell 4.9 percent in October and closed below the monthly 200-MA for the first time since February 2016. NZ politics is to be blamed here...

USD/JPY fails to take out the descending trend line hurdle in October, despite strong US data, record rally in stocks and JPY bearish developments in Japan. Increased odds of a drop to 112.00, only super hawkish Fed could yield an upside break. USD/JPY strengthened 1.02 percent in October; its...

Friday's solid recovery from the low of $56.38 helped Brent Oil end the week on a flat note at $57.72 levels. The upside was capped at $58.29 last week. Major news/data US rig count drop - Baker Hughes A GE Co (NYSE: BHI) data released on Friday showed that the Oil rig counts in the US...

The Dollar-Yen pair closed last week at 113.50; the highest (weekly close) since early July, largely on the back of renewed US tax reform hopes. The risk-on action in the markets and expectations that PM Abe will retain majority also kept the Yen under pressure. Profit taking The pair gapped...